Nigeria’s Apex bank made minor changes to the licensing regime for payment service banks. While there are some positive provisions, the policy leaves a lot to be desired given its goal for financial i…
Why an efficient national identification system is instrumental to Nigeria’s financial inclusion drive
PiggyVest co-founder, Joshua Chibueze highlights the need for an efficient identity system towards driving financial inclusion in Nigeriaa…
Why the Nigerian banking industry may not take the fully digital leap anytime soon
With low internet penetration and literacy rate as contributing factors, the Nigerian banking industry may not go full-fledged digital anytime soon, according to experts.…
Financial inclusion is a classic case of how not to scale trust in Nigeria
Guest Contributor, Yusuf Hassan shares his opinion on the financial inclusion drive in Nigeria and why he thinks it might be a case of misplace priorities.…
“Technology can’t induce financial inclusion, it can only mimic our decisions” — Sola Fanawopo, fintech expert
The way forward for the financial inclusion drive in Nigeria according to fintech expert, Sola Fanawopo…
4 reasons mCash never really caught on
The USSD-based mCash is a payment solution that seemingly has the ability to revolutionise payments in Nigeria and fix financial inclusion for good. But for some reasons, it has been underground for n…
The underachieving payments solution that is potentially a threat to fintech startups in Nigeria
November 2016, in collaboration with telcos, the Nigeria Inter-Bank Settlement System Plc (NIBSS) launches mCash, a solution that lets users make and receive payments via Unstructured Supplementary Se…
2018 is the year of the Nigerian fintech startup
We explore the possible reasons why financial services startups are getting the lion’s share of attention and funding, as evident in the Nigeria Startup Funding Report for Q2 2018.…
Why the Nigerian government cannot effectively share the recovered $321m Abacha loot
The Nigerian government is planning to distribute the next batch of loot recovered from former military Head of State, Gen. Sani Abacha to 300,000 households. Irrespective of the seemingly good intent…
London Mayor reassures Nigerian fintech stakeholders of UK’s commitment towards financial inclusion
The Lord Mayor of London City led a delegation to reassure the Nigerian fintech community of the UK’s commitment towards deepening financial inclusion.…
Bankers’ Committee plans to on-board 40m Nigerians into the financial system
That only 40% of adults in Nigeria is included in the financial system is a threat to the target of the Central Bank of Nigeria (CBN) to have 80% inclusion within the next two years. The umbrella body…
The potential impact of NIPOST in the financial, eCommerce sectors
The possible ways that NIPOST can revolutionise the eCommerce and logistics industry while making impact on financial service delivery.…
NIMC eyes massive rollout of e-ID cards by 2019 to drive financial inclusion
The National Identity Management Commission (NIMC) has revealed plans to issue electronic identity cards (e-ID) to 70 million Nigerians in a bid to further boost financial inclusion drive. According t…
With 128.5m projected mobile subscriptions by 2025, Nigeria can achieve 80% financial inclusion
Of the 15 countries in the Economic Community of West African States (ECOWAS), Nigeria is expected to contribute 51% of the projected additional 72 million unique mobile subscriptions in the region by…
Only 40% of Nigerian adults are banked — World Bank
The financial inclusion target of the Central Bank of Nigeria (CBN) seems farfetched as the World Bank has put the number of unbanked Nigerians adults at about 100 million. According to The Global Fin…
Cardless payments: A role in Financial Inclusion
With the advent of cardless payments, the risk with handling cash is almost resolved. Cardless payments enable recipients to cash out without having a card.…
